First National Bank of Mount Dora Trust Investment Services Reduces Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First National Bank of Mount Dora Trust Investment Services cut its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 89.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,096 shares of the communications equipment provider's stock after selling 16,912 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in Motorola Solutions were worth $918,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Motorola Solutions during the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at $32,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter worth $34,000. Finally, Sierra Ocean LLC bought a new position in shares of Motorola Solutions during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Activity

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer now directly owns 804 shares of the company's stock, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSI. William Blair restated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reduced their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock traded down $3.71 on Wednesday, reaching $408.54. 840,899 shares of the stock were exchanged, compared to its average volume of 810,196. The business has a 50 day moving average price of $418.36 and a two-hundred day moving average price of $442.78. The firm has a market capitalization of $68.19 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.81 earnings per share. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.07%. Motorola Solutions's dividend payout ratio is presently 36.39%.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.